The Cost of Living Index is researched and provided quarterly by ACCRA, a nonprofit organization promoting excellence in research for economic and community development. It provides a cost comparison of over 300 U.S. cities based on a number of components, including cost of housing, utilities, grocery items, transportation, health care and miscellaneous goods and services.
The Housing Component of the ACCRA Cost of Living Survey considers the cost of:
Monthly rent, excluding utilities, for a two-bedroom apartment of approximately 950 square feet
Monthly mortgage payment on a new 2,400-square-foot house